In the monograph development and characteristics of the new version of the computable general equilibrium model of Slovenian economy are presented. The new version has been already used at the Ministry of Finance for the tax reform and reform of social transfers, and for different analyses on the possible changes of income tax legislation, measures for the alleviation of the effects of the financial crisis as well as the measures in the area of excises. Together with the income tax microsimulation model it was also used for the estimation of the complex short term effects of the ten proposed measures in the area of the government budget revenues and expenditures.
F.23 Development of new system-wide, normative and programme solutions, and methods
COBISS.SI-ID: 258442240In the monograph we present research activities on the development of the last version of the static microsimulation model, based on the sample of 40.000 households and 112.000 individuals, and data from the new base year 2007. A special attention has been devoted to the development of adequate graphic interface which enables for the user simple use and preparation of different simulations of the predefined different scenarios of changes for particular social transfers and subsidies. Model has been intensively used for the preparation of the expertise for different ministries: for the preparation of the reform in the area of social transfers, the effects of the enlargement of the tax base for the social contributions and its possible capping, increase of the number of the income tax classes and proposed increased marginal tax rates, and abolition of the voluntary health care insurance and adequate adaptation of the obligatory health care insurance.
F.23 Development of new system-wide, normative and programme solutions, and methods
COBISS.SI-ID: 257687808Development of the dynamic microsimulation model, which links together five independent models - demographic, personal income tax, economic, pension and generations accounts model - within friendly environment of the graphic interface. Developed simulation platform represents first such tool and incorporates first dynamic pension microsimulation model developed in Slovenia. With data warehouse added it represents effective simulation platform - scientific laboratory - on the economic field for scientific and professional work in many fields: demography, system of personal income tax and social security contributions, pension system, long term sustainability of public finances and the analysis of the effects of particular measures on different generations. The model has been already used for the preparation of the expert bases and estimation of the effects of the pension reform which came into force on 1. January 2013.
F.23 Development of new system-wide, normative and programme solutions, and methods
COBISS.SI-ID: 263938560A new methodology of measuring innovativeness at the firm level has been developed, which is multilayered, multipurpose and open platform, enabling efficient use for different interest groups. A data base has been prepared based on the realization of surveys, which enabled collaborating firms a preparation of benchmarking in the field of innovations. Statistical analysis of the results is made available also to the economic policy makers planning their measures on the field of innovation incentives and competitiveness in Slovenia.
F.23 Development of new system-wide, normative and programme solutions, and methods
COBISS.SI-ID: 1578638We estimated various investment models, and analyzed the impact of corporate taxes on corporate investments. We found only weak evidence on the impact of taxes on investments, which is materialized through the impact of cash flow. However, we have serious doubts that this effect in fact proxies for the unobserved expected future profitability, and not the additional cash flow resulting from lower taxes paid by the firm as a result of higher investment tax allowances. The effects of investment tax allowances on corporate investments in Slovenian firms in the studied period thus cannot be confirmed. Next, only the second channel of influence of investment tax allowances on corporate investments, i.e. the effect of taxes on investments, which is materialized through the impact of cash flow was included into the microsimulation model for corporate income tax. We show an application of the microsimulation model for corporate income tax by simulating a scenario, in which we have assumed tax investment allowances in the amounts established by the amendment to the Corporate Income Tax Act ZDDPO2 (H) in the years 2009 and 2010. The results obtained confirm the findings of our empirical analysis of tax incentives, as well as the findings of previous research, that corporate taxes do not affect corporate investments in Slovenian firms.
F.23 Development of new system-wide, normative and programme solutions, and methods
COBISS.SI-ID: 266212864